TAP INTO EXTRA FUNDS WHEN YOU NEED IT
Open a Novo account, and you could qualify for a Business Loan up to $25,000—built for independent business owners who need cash fast, with clear costs upfront and no hoops to jump through.
We see your business, not just your credit score
Your credit history is only one part of the picture. Your eligibility also factors in how your business actually moves money, day to day—the deposits, the transactions, the real activity in your account. That fuller picture is why an offer can come to you, instead of you going out to find one.
The more you use Novo, the more Novo can do for you
A Novo Business Loan is one door. It's not the only one. As you build history with Novo, other paths can open up too—a business credit card and other ways to access cash when timing is tight. The more you run your business through Novo, the more Novo has to work with on your behalf.
One place, doing more of the work
Your Novo account itself comes with no monthly fees and no minimum balance to open. Free ACH transfers, too. That's true whether or not you ever borrow a dime—Novo was built to run your everyday business banking, full stop.
Three steps. No hoops.
WHAT YOU GET WITH THE LOAN
Here's what's actually different about borrowing through Novo:
See the whole bill before you owe a cent
Payment amount. How often you'll pay. Total cost. Number of payments. All of it, before you accept—no mental math, no surprises later.
Approved today, funded today
Once you're approved, the money lands in your Novo account instantly. No waiting on a transfer, no "next business day."
No charge for finishing early
Fixed payments every two weeks, automatically deducted. Want to pay faster and save on interest? Go for it—there's no penalty for finishing early.
WHAT'S DIFFERENT
Other lenders make you build a whole new relationship. We already know your business.
Feature
Novo Business Loans™
Other lenders
Where you apply
Right inside your Novo account
A full application first, then a new portal and separate login just to manage it
How you're evaluated
Credit history + real-time cash flow
Mostly just a credit score
Who makes the first move
We bring the offer to you*
You research and submit applications to multiple lenders
What you see before accepting
Your payment amount, frequency, and total cost
Varies by lender—read the fine print
Prepayment penalty
None
Sometimes
Application, origination, servicing fees
None
Often
Where the money lands
Instantly, same account you already use
A new account, a new login to track
Free your business
Free your business
Open a Novo account today, or if you're already a customer, log in to check your eligibility.